Techmeme
August 18, 2025, 10:35 PM

Top News

Kif Leswing / CNBC:
SoftBank agrees to invest $2B in Intel, paying $23/share for Intel's common stock and buying ~2% of its outstanding shares; INTC jumps ~6% to ~$25 after hours  —  Intel and SoftBank announced on Monday that the Japanese conglomerate will make a $2 billion investment in the embattled chipmaker.
Bloomberg:
Sources: the Trump administration is in discussions to take a stake of ~10% in Intel, converting some or all of Intel's $10.9B CHIPS Act grants into equity  —  The Trump administration is in discussions to take a stake of about 10% in Intel Corp., according to a White House official …
Devindra Hardawar / Engadget:
Rebecca Bellan / TechCrunch:
Texas AG Ken Paxton probes Meta and Character.AI over claims they deceptively market chatbots as mental health tools, misleading kids and other vulnerable users  —  Texas attorney general Ken Paxton has launched an investigation into both Meta AI Studio and Character.AI for …
Samantha Subin / CNBC:
Palo Alto Networks reports Q4 revenue up 16% YoY to $2.54B, vs. $2.5B est., and Q1 and FY 2026 guidance above estimates; PANW jumps 4%+ after hours  —  Palo Alto Networks reported better-than-expected quarterly results and issued upbeat guidance for the current period.
Kia Kokalitcheva / PitchBook:
American Exceptionalism Acquisition, a SPAC led by Chamath Palihapitiya and focused on energy, AI, DeFi, and defense, files for a US IPO, seeking to raise $250M  —  Silicon Valley investor Chamath Palihapitiya has filed documents with the SEC for a new special purpose acquisition company …
Sheryl Estrada / Fortune:
An MIT report says 95% of GenAI pilots at companies have little to no financial impact, mainly due to a “learning gap” for both the tools and the companies  —  Good morning.  Companies are betting on AI—yet nearly all enterprise pilots are stuck at the starting line.
Carl Franzen / VentureBeat:
Nvidia debuts the Nemotron-Nano-9B-v2, a hybrid Mamba-transformer model, saying it achieves scores comparable to or better than Qwen3-8B on reasoning benchmarks  —  Small models are having a moment.  On the heels of the release of a new AI vision model small enough to fit on a smartwatch …
Max A. Cherney / Reuters:
Source: Arm has hired Amazon AI chip director Rami Sinno to help develop its own chips; he previously worked on Amazon's Trainium and Inferentia chips  —  Arm Holdings has hired Amazon.com (AMZN.O) artificial intelligence chip director Rami Sinno to bolster its plans to develop its own complete chips …
Jody Godoy / Reuters:
The US FTC sues Key Investment Group, operator of sites like TotalTickets.com, for skirting ticket limits to buy up and resell live event tickets at a markup  —  The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands …
Joseph Cox / 404 Media:
Grok's website is exposing the underlying prompts for its AI personas, including one for a “crazy conspiracist” persona that spends “a lot of time on 4chan”  —  The website for Elon Musk's AI chatbot Grok is exposing the underlying prompts for a wealth of its AI personas …
Samantha Subin / CNBC:
Google increases its stake in bitcoin miner and datacenter operator TeraWulf from 8% to 14%, bringing its total investment to ~$3.2B; WULF jumps 10%+  —  TeraWulf stock rallied more than 4% after Google hiked its stake in the bitcoin miner and data center operator as it funds an expansion of its Lake Mariner, New York, facility.

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More News

Ben Bergman / Business Insider:
Zack Whittaker / TechCrunch:
Max Buondonno / The Shortcut:
Jess Weatherbed / The Verge:

Earlier Picks

Financial Times:
Financial Times:
Debby Wu / Bloomberg:
Edward White / Financial Times:
Bluesky: @mranthropology and @yaqiu
LinkedIn: Yi Yang and Edward White
Himanshi Akhand / Reuters: